Senior Safeguards

Senior Safeguards are improved each year to keep people from trying to take advantage of our seniors.

Reverse Mortgages are so have so many senior safeguards in place now, that Financial Planners, C.P.A.s, Elder Care Attorneys are recommending them.

Reverse Mortgage Alabama’s expert will provide each candidate with a printed version of the Reverse Mortgage Comparison Breakdown.

We will review this breakdown with each senior candidate to ensure that the senior clearly understands the options and benefits of different Reverse Mortgage scenarios. Reverse Mortgages have set in place senior safeguards, such as impartial counseling; to protect the client. And several pages in the application so I cant do something I shouldn’t do.

I strongly encourage all senior candidates to reach out and seek advice from loved ones: family and friends, as well as financial and/or legal advisors regarding their decision to move forward with a Reverse Mortgage.When the Reverse Mortgage application is written, additional senior safeguards are professionally trained HUD approved counselors who during the counseling session will furnish you with an expert objective overview and discuss with you all the Reverse Mortgage options.

We adhere to the National Reverse Mortgage Lenders Association (NRMLA) code of conduct. We have a Hoover / Birmingham office, but serve the entire area from Pelham to Gardendale.

Reverse Mortgage experts adhere to and maintain standards and a code of conduct that are aimed at protecting the interests of the senior community and their families throughout central Alabama.

Being in the Reverse Mortgage business since 2007, we find that although Reverse Mortgage products almost always we find they can be an excellent financial solution, they may not be the cure all for your financial needs. We are local Alabamian’s and we still prefer to meet my clients in person. A personal consultation with an unbiased Reverse Mortgage Counselor is also another one of these safeguards. They will analyze the needs of the senior candidate to ensure that one of our many reverse mortgage options is a practical solution. We then share with them a detailed cost analysis and comparison breakdown.

For more information, and illustration, or to request an E Booklet call or email. ReverseMortgageAlabama@gmail.com or (205) 908-2993.

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**The owner(s) retain title to the property that is the subject of the reverse mortgage until the person sells or transfers the property and is therefore responsible for paying property taxes, insurance, maintenance and related taxes. Failing to pay these amounts or failure to maintain the condition of your property may cause the reverse mortgage to become due immediately. A reverse mortgage is a complex loan secured by your home. Whether such mortgage makes sense for you depends on your financial situation and needs. For these reasons, you are required to consult with a qualified independent housing counselor and include family members and other trusted advisers before making this decision. This information is not from HUD or FHA and was not approved by HUD or any government agency.